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the markets from foreign capitol and from jack lew as treasury nominee. u.s. economics editor for "the economist," and senior economics reporter steve leaseman. steve, first to you. what are the markets saying? what is jack lew's reputation in wall street and what do you see coming forward with debt negotiations? >> i think this appointment is being taken advisedly in the sense that it's a kind of wait and see. you know, from my perspective, having covered more or less -- more or less degrees, seven of the past treasury secretaries, jack lew does come to the table with a bio that perhaps has less independence in it than any treasury secretary i can remember. robert rubin, hailing from goldman sachs, salary summers was a renowned economist. paul o'neil from alcoa. there's nothing on lew's resume that suggests any measure of independence. markets want a little bit of independence from their treasury secretary. that said, if jack lew's appointment can, in fact, result in some kind of longer term budget deal affixed to entitlements, tax reform, corporate and individual that i think markets
>>> the cabinet reshuffle continues, and next in the hot seat, jack lew. it is wednesday, january 9th, and this is "now." >>> joining me today, "rolling stones" eric bates, heather mcgee, former traveling press secretary for the obama campaign jen psaki, and the effortlessly elegant msnbc contributor jonathan capehart of "the washington post." at a time of great fiscal uncertainty and belt tightening, president obama is poised to nominate as the next treasury secretary a man who brings his lunch to work every day, a cheese sandwich and apple to be precise, president obama will reportedly tap jack lew tomorrow to replace timothy geithner. lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain. but the latest cabinet nomi
? >> not that i'm aware of. >> that is jack lew, the president's nominee for treasury secretary. what we know about him besides that weird looking signature? >>> and does president obama need a binderful of women or is that overblown? tweet me @thomasroberts. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help save you up to thousands in out-of-pocket costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. joi
addition to the cabinet, later today, the president nominate jack lew to be the next secretary of the treasury. the president plans a big fight over the budget. lew is the fourth man picked from the budget. hilda solis is an hispanic female elevating the debate over a black president and in her circle. >> this president has made two appointments to the supreme court. both of them women. and i think that this commitment to -- >> is that -- >> well, i think the record speaks for itself. >> for this president with his particular history and also given all the campaign rhetoric about diversity, with every administration, regardless of which administration it is, we hope that we have the more diverse cabinet, that, again, reflects america. >> it's a guy's club. he has guys, you know, they go golfing with him. these got guys playing basketball with him. women have complained quietly about being excluded at the white house since 2009. >> we're talking about a couple of cabinet positions that are being filled. and why don't you name -- and it's not just gender. but it's the exact momen
on a signature that is loopier than tim geithner's original signature. this is jack lew. all signs point to president obama nominating him to replace tim geithner. and if he is nominated and confirmed, that will mean that our money might end up looking like this. because that is jack lew's signature on it. if he doesn't choose to tune up the legibility of the loop de loops like tim geithner did, our money might look like this. what "new york" magazine described as a slinky that has lost its spring, republicans in washington are hinting that we won't actually have to worry about seeing jack lew's wacky signature on our money. they're saying he doesn't have to worry about changing the signature so it looks good on the money because he, jack lew, will never be the guy who has to actually sign the money. he will never be treasury secretary. politico.com today to be, quote, scoffing at the notion of jack lew as treasury secretary. mitch mcconnell is said to have been irked by mr. lew in the past. republican senator from nebraska, mike johanns called lew a controversial pick. the reason he is
voice vowing to block jack lew, coming up we'll have an opportunity to speak with bernie sanders liberal leaning independent who says lew is wrong for america's middle tax. >>> john boehner inviting president obama to deliver the state of the u.n. i don't address to the joint congress february the 12th. a couple of weeks away. >>> president obama is meetinging with afghanistan president hamid karzai at the white house. how many u.s. troops should stay in afghanistan after 2014, if any at all. we'll talk more about that. >>> plus, the flu, now widespread in nearly all 50 states and even if you did not get vaccinated. there's a chance you could still get sick? we'll bring you the details. >>> the big question of you, do you think the hollywood and gaming industry will be as on stin at as the nra when it comes to finding solutions to gun violence? sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. pr
to nominate jack lew to be the treasuresy secretary. joining us to discuss this are familiar faces. karl rove from texas. and joe trippi in washington. thank you for being here. i want to break down battles one-by-one. the first one getting attention is chuck hagel for defense secretary. how big of a bat doll you think this is. where do you think it will play out? >> this is the biggest of the five nomination fights we know about. maybe a vote against hagel. few republicans, none come to his defense. few republicans might vote for him. he has a contentious personal background. hard, acerbic and hard to work with. more important than that is the record on the issues. opposed to iranian sanctions. he opposed the iraq surge. defended dialogue with hamas. refused to join in a letter calling on e.u. to condemn hezbollah. he had a pejorative comment to jewish lobby. he has taken stances that indicateed he is less than supportive of the relationship with israel. >> there are two key democrats that could factor in how this goes. one is new york democratic senator schumer. >> he is staying quiet on th
of staff. joining me is kristen welker. >> i can tell you that jack lew has been the leading candidate for this spot. this is someone with experience in the white house and capitol hill. he served as an aide to former house speaker tip o'neal. director of the onb twice. and of course, the chief of staff to the white house, president obama, and has helped the president navigate tough policy issues including that fight over the fiscal cliff in which president obama what many consider a fight with republicans to increasing taxes on wealthier americans. so this is someone who president obama has a very good working relationship with. and, of course, this is a key moment. it's a critical moment to take over the spot as treasury secretary. because there are three big budget matters looming. of course, they're going to have to deal with the debt ceiling, the fiscal cliff and the all in the comes months. >> kristen, we look at the optics of this, the inner circle being all white men. what is the tone in washington especially since was the obama coalition that got obama in for a second term? >>
in washington. jack lew officially nominated as treasury chief. lew is known for his role in the being acrimonious talks in 2011. what could it mean this time. >> tiffany disappoints again with weaker holiday sales. there was weakness in the americas, strength in asia. so how much of a read through to the rest of retail is this earnings report? >>> nokia shares soaring this morning after a bullish outlook for the first quarter. >>> and herbal life's big day to defend itself against bill ackman's damning allegations. we'll have the latest and the ceo join us later in the show. >>> well, today president obama is set to nominate white house chief of staff jack lew as his next treasury secretary. succeeding tim geithner. lew has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a forest hills guy like me that i, you know
on his chief of staff, jack lew, to fill the slot at treasury, being vacanted by secretary geithner. lew has gone before the full senate for confirmation more than once in the past four years. he hasn't gotten a no vote yet. and the president doesn't expect one now. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, "having lew on your team is the equivalent as a coach the luxury of having somebody in almost any position and knowing he will do well." and i could not agree more. so i hope the senate will confirm him as quickly as possible. >> one thing lew may have to work on, though, if he gets the job, his signature. yes. this string of loops is actually jack lew's signature. and it's not a small thing, considering it would go on all the new dollar bills. that's the first one we would see. and frankly, a lot of currency over the next few years. >> jack assures me that he is going to work to make at least one letter legible -- [ laughter ] -- in order to debase our currency, should he be confirmed as secretary of the treasury. >> all kidding
say about this. >> jack lew is the chief of staffed has served in a critical role for on this administration as director of the office of management and budget. a well known figure both here at the white house and throughout washington for the past four years. for more, here is jay carney. >> i would simply say that the president is obviously engaged in a process that will lead to decisions on who should fill posted or vacant. as was in the case this week with the defense department and c.i.a. and prior to that the state department, he will make announcements when he has made a decision. >> that would be press secretary 101, do not get out ahead of the president of the united states but all sources say jack lew will be named treasury-secretary. >> shep: what are they saying about the past clashes with lew and process in general? >> i talked to jeff sessions moments ago. he said that he is troubled by the jack lew selection because he feels like lew has been too close to the political people inside the white house. he has not been independent from politics. so he pr
learned you were speaking that honey boo-boo has just replaced jack lew as the newly named treasury secretary. key you posted on that insight. >>> mint a trillion dollar coin so congress can keep spending? i wasn't take this seriously nil heard this. >> a position on this trim dollar coin business? >> there is no plan b, there's no backup plan. >> a little evasive in your answer. are you -- trying to leave room or not? >> there's no substitute for congress extending the borrowing authority of the united states. >> this is an option, a viable -- >> i think the only option here, there is no backup plan. the only action is for congress to died job. >> will you rule it out. >> you can speculate about a lot of things. >> just rule it out. it's stupid. when the white house not ruling it out. add that to nancy pelosi who says the president could use a 14th amendment to hike the debt limit. >> i would do it in a second. but i'm not the president of the united states. >> neil: and your know honey boo-boo either. former colorado state treasurer says it's time to stop the schemes to start addr
as tomorrow jack lew is going to be named treasury secretary. you got a lot of us excited because you tweeted out jack lew's signature, it's the legit signature. this is the signature that's going to be on all the u.s. currency once he takes over as they recirculate the new bills. >> that signature is more in line with him being a doctor, andrea, maybe a reporter, not a secretary of the treasury. what i would say, somebody reminded me that tim geithner changed his signature a little bit when he became treasury secretary because he's going to be on the bill. so maybe. >> let's see it again. bring that picture back, because we just showed what it would look like. that is his signature. that's jack lew. if you want to go to him -- he may be a doctor, maybe he has a ph.d. he's not a medical doctor as far as i know. it's got to be the world's worst signature, looks more like a doodle. >> i wonder how he came up with it. >> assuming that's confirmed. one more quick thing, we showed you the picture that the white house photographer took of the president and his top advisers during one of the fiscal
get away with it. >> the president's can natural takes place. jack lew will be nominated to replace tim geithner. >> and today a team of federal investigators are focusing on why a commuter ferry slammed into a manhattan peer. people were wounded, one critically. >> people were on the ground. >> there's been an explosion in greece claiming the car booming is related to the defense ministry. >> a dozen of killer whales are trapped under sea ice. >> oscar nominations are out, "lincoln" leading with 12. >> barry bonds, roger clemmen, sammy sosa all face accusations of steroid use shut out by the baseball hall of fame. >> off the window to himself! >> turning on the channel right now. >> they clearly don't know the contact. >> all of that matters. >> hillary clinton made the first public comments after off a month dealing with a concussion and blood clot. >> i'm thrilled to be back. >> the president hosted a screening of 1600 penn with send tars who keep embarrassing the white house. as joe biden put it, why is everything looking? >>> welcome to "cbs this mor
confidants, including jack lew, who has already held two top positions. >> i believe this man has been the architect of the obama budget policy. i believe it's very fundamentally wrong, and i do not believe he has been honest with the american people about it. >> several senate republicans have made it clear that jack lew will be a fight just as chuck hagel will be a fight, just as susan rice was a fight. the second problem for president obama is that so far his chosen bantd doesn't include any sisters, nor does it include any racial diversity. even members of his own party are expressing dismay. new york democrat charlie rangel called the lack of women embarrassing as hell and yesterday chairwoman of the congressional black caucus, marcia fudge wrote a letter urging the president to nominate two members of the cbc. bill, you are a former diverse member of the president's -- >> still diverse. >> yes. you remain diverse, though not sequestered at 1600 pennsylvania avenue, for which we are thankful. i wonder what you make about this contention that he is being too insular, a, in terms of
says jack lew must never be secretary of the treasury. january none bream is at the white house. why? >> well, shepard, he, like many other republicans on the hill say that lew is the wrong man for the job because they call him a big government liberal. someone who has blocked them at every turn when they have tried to pass more spending cuts essentially. you know it's a very sore topic here in washington. you mentioned that sessions is the top republican on the budget committee. he told me today that two years ago when lew testified he lied. those were session's words. here is a bit more of what he had to say. >> we just can't have somebody who can't acknowledge, can't look the american people in the eye and tell them the truth about our financial condition. >> following lew's formal nomination here at the white house a number of other republican senators sent out reactions saying they are going to have an open mind. they will listen through the vetting process in the senate. most of them are inclined at this point to vote no. shep? >> shepard: much of the word we are getting this i
chief of staff, jack lew, to be the new secretary of the treasury. he will be a key player in the coming battles over the budget and raising the federal debt limit. lew previously served as budget director, and he was an executive with the banking giant citigroup. now, any idea what this is? you could be seeing a lot of it. it is jack lew's signature which would appear on the bills in your pocket just like that unless he takes a penmanship lesson from tim geithner, whose signature looked like this until he became treasury secretary and made it legible. secretary of state hillary clinton told reporters today that she is thrilled to be back at work, but she said it is bittersweet because she will soon be stepping down. the secretary said she wouldn't call it retirement, just stepping off the very fast track for a little while. we'll tell you why some of baseball's biggest stars didn't make the hall of fame today. an interview on the lance armstrong investigation is making news. did the cyclist try to buy his way out of a doping investigation? and what could be the worst wildfire in the wor
control laws. >>> the president today will nominate his chief of staff jack lew to be treasury secretary. lew used to be his budget director. if confirmed by the senate he'll replace timothy dwight mer. meanwhile labor secretary hilda solis announced yesterday she will be resigning. her replacement has not been chosen yet. >>> officials say a commuter ferry yesterday just had a major overhaul. they don't know if that had any role in the accident that injured dozens of parliamentarians. jim axelrod is at the terminal in lower manhattan. jim? >> reporter: good morning, charlie. we have pictures of the ferry taken just a short while ago, being guided into a dock in atlantic highlands, new jersey, where this investigation will continue. as we say, things back to normal at the dock here, but on wednesday morning the routine took a troubling turn. the crash occurred at 8:45 a.m. as it was docking at pier 11 after a routine crossing of new york bay. >> what it did was hit the right side of the boat on the dock hard, like a bomb. >> reporter: many of the vessel's passengers were waiting. the imp
out until january 25th in the treasury, giving jack lew to confirm and i guess perfect his signature. let's see what we've learned, what does he leave for jack lew. he got the stress test done. actually, that's not correct there. let's move away from that. what we're talking about here is the -- let me go to my notes. the stimulus was done -- but sustained growth was not. frank dod basel iii was not done. aig also done. what is the geithner model? what is the geithner doctrine? i think you can say like this, overwhelming government force when it's clear it's needed. b in a crisis, spend, regulate and guarantee and do it with conviction. let's talk about one of the things left over from the geithner years, which is going to be the issue of debt and deficit. i think you would say there was some accomplishment when it came to getting some of these deals in place. but ultimately, he probably thought that some of these things would come off and be declining faster than they have. we've learned a lot about the financial crisis. in fact, we're going to be debating the correct government res
's not any one of these appointments you could look at and say well, that didn't make sense. jack lew makes sense at treasury. it made sense to replace peter orszag, gene spurling and then austin goolsby with allen krueger. you have to wonder, can it really be the case that this white house, after four very difficult years in which people are very tired, in which they're very burnt out, in which they've been worn down by endless battles with the republicans, and in which the sort of natural dynamics of group thinking in a tightly knit administration have taken over, can it really be the case if they can benefit from bringing in new people with new voices and new experiences and a fresh perspective? a lot of people i talk to, some of them former members of the administration, think at this point that it is a big problem, that at this point the president needs to get out of his comfort zone in some of these appointments particularly on the economics side and bring in folks with a new perspective. yet that's balanced by the fact that they don't think jack lew is a bad guy or going to be a bad
of who is going to be in the president's cabinet. jack lew is the likely nominee. if he picks lew it could set the stage for another contentious confirmation battle. is there any other kind these days, mike emanuel? it seems like everybody that is being picked with the sepgs of senator kerry looks like a tough battle on capitol hill tell us a little bit more about this. >> reporter: good afternoon to you, as you look the at recent nominations these people are all obama people and jack lew has served this president as director of the office of management and budget and white house chief of staff. we are told it is all but a done deal for jack lew to replace timothy geithner as treasury secretary. lew has become a favorite of the president because he has sharp knowledge of the federal budget and his style is no drama. his confirmation would likely be taking place during some bruising budget fight and as congress considers increasing the nation's credit card the debt limit from the podium the white house press secretary has avoided getting ahead of mr. obama. >> i have no other annou
. ♪ >>> president obama will nominate his chief of staff over at the white house, jack lew, to be the next treasury secretary. >> it's going to be his signature, right, on the bottom of all our currency. it will look something like this. >> that -- that's your signature? or are you just testing to see if the pen works? hey, lew, here's a tip. stop signing all your checks on the teacup ride at disney world. the only way that you're allowed to have that as your signature is if your name is boing! >> he does have a funny signature. welcome back to "morning joe." richard wolffe and donny deutsch are still with us. >> beautiful sunrise. >> it is beautiful. >> beautiful. >> beautiful friday morning. >> what's that in the background blinking? >> a chopper. >> another chopper. let's stay on this shot. this may get interesting. >> no. joining the table -- good lord -- "new york times" columnist gail collins. it's good to have you on board this morning. >> good to be here. it's friday. >> it is friday. >> yeah. >> nice silence. >> you know -- >> you know what alex just said to me? >> what's that? >> let's do
with graham. sources say president obama will pick white house chief of staff jack lew who would replace tim geithner who will be stepping down. reaction to the news that planned parenthood took many more federal money and performed more abortions last year than ever before. "special report" starts at 6:00 eastern from washington now. back to new york and my colleagues with "th." ♪ ♪ >> dana: welcome backbe to "the five." we have been having great time in the commercial breaks and we'll tell you later on twitter what was said. this is what we're going to talk about now. internships, important ways to get -- no, not that. not that kind of problem with interns. internship is very important. probably all of us had internships along the way. some are paid and some are unpaid. charlie rose had to settle the lawsuit to pay college interns minimum wage, like $250,000 lawsuit. did you intern? >> andrea: i did. >> dana: in addition to working at the diner in >> andrea: yes. >> dana: that is the difference. you two, i am trying to hold it together here. interns, should i go this way over here? did
at the handwriting of his latest cabinet pick. jack lew was nominated, but take a look at the signature. the loopy marks barely resemble his name. if he takes office that's what will appear. so the president today joked that lew would work to make at least one of his letters -- tim geithner revised his own signature after he took off. >>> tonight is the premiere the nbc's new show "1600 penn." this sitcom follows president dave gilchrest through press conferences, cabinet meetings, state dinners, as he -- yesterday we sent our own gilchrist to catch up with president gilchrist. >> you actually are a gilchrist. my gosh. did you ever think that that name was a presidential name? >> reporter: you know it crossed my minute once or twice, but there's a story line to wake up watching morning news and thinks he's got a long-lost brother, that might be it. >> i think so that would be a great story line. >> i see this story goods on for many, many years to come. >>> you can watch the full interview on nbcwashington.com, just search pullman 1600 penn. it premiere tonight followed by a second episode at the
for treasury secretary jack lew. why did you do that? >> well, jack is a decent guy. he's a smart guy. he's been in public service for a long time. but frankly, i am really tired of the president, and i support the president, continuing to appoint folks who come from wall street. we need people at the -- in the treasury department, secretary of treasury, who are going to have the guts to stand up to wall street. to ask why we are not, for example, breaking up the six largest financial institutions, ed, that have assets equivalent to 2/3 of the gdp of the united states. to ask questions about how we got into this recession in the first place, which has everything to do with the greed and recklessness and illegal behavior on wall street. to ask why it is there are people watching the show paying 25% interest rates on their credit cards. those are my concerns. we need somebody at the department of treasury who's going to have the guts to take on wall street and not simply come from wall street. >> senator, great to have you with us tonight. obviously, we'll do it again. i appreciate it so mu
. is >> obama's nominee for treasury secretary, jack lew, is facing criticism because his signature, which will appear on the dollar bill, is completely ill legible. look at this signature. this is real. [ laughter ] in response, lew is like, i will fix this or my name isn't (garble). >> steve: it does look like a shrinky. >> alisyn: it does and reminiscent as "fox & friends" pointed out, of the hostess cupcake. that's jack lew's signature on the left and right. >> steve: how can you tell them apart? >> alisyn: you can't. >> eric: the scary part is if he would become secretary, he would be signing the dollar bills a lot of zeros there. a lot of debt. >> steve: it looks like a lot of zeros in his signature. that's how it would mock up if he is confirmed. >> eric: he needs six more zeros. >> steve: my wife said look at jack lew's signature that, is a good reason they need to keep cursive in the school. she told me that. this morning, did you realize that there are a number of states where they no longer teach cursive in the schools, since back in 2011, in the state of indiana, they just got
general of the united states. we'll talk to you about if you're feelings of jack lew in a moment. on the deal that we did. you see everybody's taken the zeros off of what we owe and everybody's seen that now. i guess we're making $23,000 a year, we're spending $38,000. so we're adding $16,000 to our credit card bill every year. and we already owe $160,000 on our credit card bill. and the fiscal cliff deal cut $38 off of our expenses or something when you take everything off. is that -- >> actually worse than that. >> how can it be worse? >> actually our cliff bill was an absolute embarrassment to the united states of america. let me clarify. if we had gone over the cliff, it would have been an "f." and a total failure of our system. but when you analyze the bill, it was an "f" on spending. we actually increased spending. we didn't reduce 13e7bding. we increased spending. >> all the democrats tell me that there was already a trillion dollars of spending cuts that -- i didn't -- >> that was from august 2011. okay, but what i'm saying is, if you just look at this bill in isolation,
soon to be an announcement, jack lew chief of staff to president obama will be replacing timothy geithner and today, my colleague and i were reporting on a story where wall street's pretty much fine with that although they view geithner as something of an ally and lew as something of an unknown to geithner they feel that overall policy is going to be the same. lew and geithner were pretty much toeing the same line debt ceiling and budget negotiation including the fiscal cliff that happened. >> greta: the irony of opening the door to your new office and finding an office full of manure because the other guy left is fascinating. eric, thank you. >> thanks a lot. >> greta: a video that everybody is talking about a dream wedding in a hot air balloon takes a surprising and scary turn. the bride and groom just exchanged wedding vows over the skies in san diego, and the wind began to swing it back and forth like a pendulum, force it go to crash into a fence in the neighborhood. the bride and groom are uniphased and now on their honeymoon. that's what you call a wedding video. and coming
. but other shows have other theories. >> there is jack lew signature. we could have a pretty ugly signature on our dollar bill. >> is it even a signature or did he start drawing charlie brown and give up after the hair? good grief! and it got no better when lew explained his fiscal policy quote i describe budget tapestry when it's hope dream of a nation. >> bret: thanks for inviting us into your home tonight. that is it for "special report," fair, balanced and unafraid. charles, i had more time. >> shepard: this is the fox report. tonight, the feds say the deadly flu epidemic -- outbreak is now an epidemic. widespread in all but three states and killing children. but there may be some good news. and it's supposed to be among the most advanced passenger jets in all the world. but for the dream liner, it's really more nightmare. they have had electrical problems, a cracked windshield, even a fire. >> every new commercial airplane has issues in the inner service. >> shepard: now the feds are investigating. still, the dozens of dream liners already in service are going to keep flying. >> nothin
this signature on the paper dollar. douglas dillon. now that jack lew is to succeed, the problem is this. the squirrely signature. it's going to show on the paper money if he's confirmed. offered up some comparisons to his signature. the crazy straw you get at six flags. a slip of paper you used to test out pens in office max. and a classic. the hair of peanuts character sally brown. there it is too. >>> up next, can anyone save the republican party from itself? the answer may be on the cover of the new "time" magazine. there it is. you're watching "hardball," the place for politics. victor! victor! i got your campbell's chunky soup. mom? who's mom? i'm the giants mascot. the giants don't have a mascot! ohhh! eat up! new jammin jerk chicken soup has tasty pieces of chicken with rice and beans. hmmm. for giant hunger! thanks mom! see ya! whoaa...oops! mom? i'm ok. grandma? hi sweetie! she operates the head. [ male announcer ] campbell's chunky soup. it fills you up right. she operates the head. living with moderate to semeans living with pain.is it could also mean living with joint damage
, and i finally figured out why jack lew's signature has all those loops. they are actually zeros and that's how much he's going to add to our debt. >> you don't know that for sure. we're going to have that debate on the debt ceiling in the next month. you don't think we're going to see any spending cuts? >> we have been inculcated throughout our history that they will increase the debt ceiling without ever addressing the real problem which is, correct, 100%, maria, it is spending. >> unless the market forces the hand, too, because one thing our leaders do respond to is the stock market, whereas in the early '80s it was the bond vigilantes that ruled the root i think these guys get terrified when the stock market starts going down because they -- you know, from the way they calibrate things, you don't have bonds to do it so now you have the stock market. >> if you get money supply growing at 12% and bonds are in the biggest bubble in the history of mankind, the money is going to go into stocks. that's the path of least resistance. >> maria, what you have to watch very carefully, you have a
and performance. >>> president obama sbre deuced white house chief of staff jack lew as his choice as treasury secretary. the president has been criticized for nominating another white man. we heard comments from new york congressman charlie rangel and new hampshire senator jeanne shaheen. >> it's embarrassing as hell and i kind of think there's no excuse when it's his second term. >> he has places where he could appoint women and i hope he'll take a look and do that. >> cbs news political director john dickerson is in washington. john, good morning. >> good morning, norah. >> all right, so is it all the president's men, as they say for president obama? >> well, right now it looks like it these last three appointments all white males, and this criticism is basically, look, mr. president, you won your election based on the votes of women and minorities so you should respect that in your naming of your cabinet picks. the white house pushes back and says he's only half way through the process, don't judge him so quickly, but if the president's being judged quickly on race and
appointment to his cabinet. jack lew as the next contrary sorry secretary. right now, lew is the president's chief of staff but he's been budget director and a veteran of the clinton administration. lew is also the fourth white man to be chosen to fill the president's second-term cabinet. and the white house is feeling the heat on this. l.a. times writes, the cabinet may not meet its own diversecy standards. "the national journal" why obama's white-guy problem seems worse than it is. and "washington post," obama needs some binders of women. and it didn't help when hilda solis announced her resignation yesterday. let me bring in political reporter for "the washington post" and staff writer sarah toeplitz. >> good morning. >> good morning. >> let me read to you part of ruth marcus' column. "not an outrage, but a shame. the face of power that president obama has chosen to present to the country and the world with his second term cabinet picks is striking. except for the african-american top of the pyramid for its retro look. white and male. it's "mad men" goes to washington, except it's leavi
the president is coming under scrutiny this week after naming jack lew as treasury secretary, the fourth white male mr. obama has chosen in the last month to fill top cabinet positions. this photo, surrounded by all male advisers, though top aide valerie jarrett is hidden behind one of the men. e.p.a. administrator lisa jackson is quitting and so is labor secretary hilda solis. perhaps the most high-profile woman in the cabinet, secretary of state hillary clinton is also on her way out. >> the white house is probably going to be careful with the next announcement to have some women, maybe some minorities to be part of it, to offset this self-inflicted error. >> now white house officials are pushing back against that criticism, noting that there are many women in subcabinet level positions. as for the vice president, he says he will issue his recommendations to the president next tuesday. matt? >> kristin welker at the white house this morning. as always, thank you. >>> the president of the national rifle association joins us live. mr. keane, thank you for your time. appreciate it. >> my pleasu
to the president's cabinet. president obama introduced white house chief of staff jack lew yesterday as his choice to be white house secretary treasurer. we heard from two democrats. charlie rangel and gene sheheen. >> it's embarrassing as hell, and i kind of think there's no excuse when it's a second term. >> he had places where he could appoint women, and i hope he'll take a look and do that. >> cbs news political director john dickerson is in washington. john, good morning. >> good morning, norah. >> all right. so is it all the president's men as they say for president obama? >> well, right now it looks like it. these last three appointments, all white males, and this criticism is, look, mr. president, you won your election based on the votes of women and minorities, so you should respect that in your naming of the cabinet picks. the white house pushes back and says he's only halfway through the process, don't judge him so quickly, yet the judge is being judged quickly on race and gender issues, it may be, in fact, because he taught people how do that. in his campaign there was not a race or ge
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